SpaceX has reportedly signed a $30 billion deal with Google to lease computing power to the technology company for $920 million a month through June 2029.
The agreement gives Google access to computing capacity from SpaceX-linked data centres. Google plans to use 110,000 GPUs, processors and memory components between October 2026 and June 2029.
The deal comes as SpaceX prepares for a major initial public offering. The Elon Musk-owned company has set a fixed price of $135 per share and aims to raise $75 billion at a valuation of $1.75 trillion.
SpaceX acquired xAI in February 2026, gaining access to large data centres that could support Alphabet Inc.’s artificial intelligence computing demand.
The company’s data centres in the United States have a total computing capacity of 2GW. The facilities are often referred to as “Colossus.”
The contract allows Google to terminate the agreement if SpaceX fails to provide the allocated number of GPUs by September this year.
The reported deal marks a shift in the companies’ relationship. In 2021, Google provided cloud services to SpaceX to support Starlink satellite internet operations.
Read: SpaceX IPO Valuation Cut To $780 Billion By Morningstar
Anthropic AI signed a similar computing agreement earlier this year with the world’s richest entrepreneur.
Rising demand for AI training has pushed major technology companies to lease external computing capacity. GPU demand has grown faster than infrastructure construction.
